RE: Someone needs to sell ?29 Nov 2024 19:54
You all seem very forgiving about the raise. 20% dilution at a 15% discount needs a lot of justifying especially as the MRE, the one thing likely to move the sp upward and stick, has been delayed by 6 months.
The previous placing has been a drag on the sp this last year with any movement upward after a good RNS being immediately sold into. Despite Rupert trying to convince us that the latest placing shares have fallen into sticky hands there is no way all 147 million would have done so and I fear the cycle will simply be repeated.
SwS is correct when he says much positive progress has been made in recent months. Progress in everything but the sp though which at the end of the day is why we are here.
My fear is that good news will continue to be sold into and therefore little or no sp gain whereas you can be sure any bad news will drop the sp like a stone. More risk than reward?